Important Notice

Ascend is closely monitoring the spread of COVID-19 (coronavirus). Click here to learn how we are responding. Also, our annual meeting will be held via conference call. Click here to learn more.

How will rental income be verified?

If you own rental properties, we'll generally ask for copies of your lease agreements and the most recent two year's federal tax return to verify your rental income. We'll review the Schedule E of the tax return to verify your rental income after all expenses except depreciation. Since depreciation is only a paper loss, it won't be counted against your rental income.

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